INFINITY METALS LIMITED — Share Issue/Capital Change 2021

Aug 9, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

INFINITY LITHIUM CORPORATION LIMITED

Date of this announcement

Tuesday August 10, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
INFAH	OPTION EXPIRING VARIOUS DATES EX	8,000,000	10/08/2021
	VARIOUS PRICES

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

INFINITY LITHIUM CORPORATION LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

147413956

1.3 ASX issuer code

INF

1.4 The announcement is

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New announcement

1.5 Date of this announcement

10/8/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
18-Feb-2021 10:05	New - Proposed issue of Securities -	A placement or other type of issue
	INF

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description INFAH : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Date the +securities the subject of this notification were issued 10/8/2021 Any other information the entity wishes to provide about the +securities the subject of this notification 4,000,000 unlisted options exercisable at $0.266 on or before 31 December 2024 Issue details Number of +securities 4,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities The options were issued to Canaccord Genuity in consideration for capital raising services ASX +security code and description INFAH : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Date the +securities the subject of this notification were issued 10/8/2021 Any other information the entity wishes to provide about the +securities the subject of this notification 4,000,000 unlisted options exercisable at $0.304 on or before 31 December 2024

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

4,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The options were issued to Canaccord Genuity in consideration for capital raising services

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
INF : ORDINARY FULLY PAID	402,914,556
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
INFAH : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	32,102,581
INFAN : OPTION EXPIRING 30-NOV-2022 EX $0.09	10,000,000
INFAB : OPTION EXPIRING 30-NOV-2022 EX $0.20	500,000
INFAM : OPTION EXPIRING 30-NOV-2022 EX $0.12	22,762,137
INFAI : SHARE APPRECIATION RIGHTS	17,200,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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